There is a 50% of AB marked on the chart which holds nicely attempt to go higher. Pair was hold by GAP(Daily chart). I placed both GAP's on the chart. I would suspect that price will go in consolidation near 1.0500 area and eventually reach the TP area.
Currently moving in a downside red channel
Wait for any bullish move as the pair is currently near the support of the reddish down channel
The breakout of the reddish channel to the downside would cause to pair to further move down to the green support line
The breakout of the reddish channel to the upside would cause to pair to further move up to the dotted...
Hmmm as I progress understanding of wave theory, I like to look at the charts differently and expect the unexpected. This to me appears as a "expanded flat" I've quit trading the animals because Ive realized the importance of wave structure! Have a great weekend!
